Determine the due date and the amount of interest due at maturity on the following notes dated in 2014 Assume 360 days in a year when computing the interest Date of Note January 22 March 9 June 15 September 4 October 1 Interest Rate 8 Face Amount Term of Note 90 days 60 days 45 days 60 days 120 day...

The due date and amount of interest due at maturity on each note is as follows Note Due data ...

Determine the due date and the amount of interest due at maturity on the following notes dated

Question:

Determine the due date and the amount of interest due at on the following notes dated in 2014:

Date of Note January 22 March 9 June 15 September 4 October 1 Interest Rate 8% Face Amount Term of Note 90 days 60 days

Assume 360 days in a year when computing the interest.

Note Due Date Interest (a) %24 44000 April 22 V (b) %24 May 8 (c) 24 July 30 (d) Nov. 3 (e) Jan. 29

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...